MARI invest

[white_prince]

As there's rumour Fed will reduce interest rate, that would usually mean Bonds Funds NAV will increase. Anyone going to buy more bond funds (such as PIMCO GIS Fixed Income) before Fed rate cuts?

Have the heart but dont have the funds.
Am thinking of withdrawing some of Saveplus to put into UOB Stash account.

 

[alanchia67]

Have the heart but dont have the funds.
Am thinking of withdrawing some of Saveplus to put into UOB Stash account.

I have some in SavePlus meant to hedge any variation in PIMCO NAV. I'm prepared to withdraw some funds from SavePlus to buy more Income.

After July 15 that is, due to the SavePlus Bonus promo.

 

[JivBunny]

So in theory, deposit 100k into savings account, use all to buy SavePlus, savings balance=0 Saveplus=100k, repeat and do again, savings balance=0 Saveplus=200k and can keep repeat. Is that correct?

Yes. When you sell, can choose to directly deposit the amount to other banks. For me, is directly to my DBS account

 

[alanchia67]

Yes. When you sell, can choose to directly deposit the amount to other banks. For me, is directly to my DBS account

With the new bank control, will this get through easily this time round?

 

[white_prince]

I have some in SavePlus meant to hedge any variation in PIMCO NAV. I'm prepared to withdraw some funds from SavePlus to buy more Income.

After July 15 that is, due to the SavePlus Bonus promo.

U made up your mind to place them into income because fed maybe cutting interest rates.

 

[bargin]

I gained. My NAV were in range of 9.42 - 9.45. The current market NAV is 9.49. Bought mostly after Trump announced the Liberation Day.

Total bought $40K, now valued $40,516. Monthly payout is $218.59.
So estimated is ((40516-40000)+(218.59x12)) / 40000 = 7.85%

Thnks for sharing. How long do you intend to hold the funds in Invest Income ? 1 year or few months ?

 

[alanchia67]

Thnks for sharing. How long do you intend to hold the funds in Invest Income ? 1 year or few months ?

Your situation may be different. I am retiring soon, so will hold as long as I need. Perhaps 10yrs?

Take note, if you have read the PIMCO fact sheet, the effective duration is >5yrs.

 

[alanchia67]

U made up your mind to place them into income because fed maybe cutting interest rates.

Unless things change again due to Iran recent bombing. Perhaps will hold some firing power and look-see.

 

[Jun666]

past 4week return up abit, now 2.73

 

[alanchia67]

past 4week return up abit, now 2.73

Check this chart for past performance.
https://www.lionglobalinvestors.com/en/fund.html?officialNav=OFBF#performance

 

[Cookie Muncher]

worth to put some cash in saveplus?

 

[alanchia67]

worth to put some cash in saveplus?

Were you aware there is a Bonus promotion currently? Did you miss the notification?

 

[ekardo]

Were you aware there is a Bonus promotion currently? Did you miss the notification?

didnt see any promo on the banner...

 

[alanchia67]

didnt see any promo on the banner...

The app notification is where you will see.
Anyway the weblink is below.
https://www.maribank.sg/help-centre...-invest-saveplus-bonus-returns-campaign-jun25

 

[ekardo]

The app notification is where you will see.
Anyway the weblink is below.
https://www.maribank.sg/help-centre...-invest-saveplus-bonus-returns-campaign-jun25

Thanks. Seems to be by invite only, and also over since mid June.

 

[geographic]

The return is dwindling! This week only X 4. The fund manager is sleeping. At this rate, the fund will no longer be attractive, and investors will seek alternatives. Hope the fund manager will wake up soon!

 

[JetStorm]

Everywhere is dropping. Can maintain 2.5% to 2.6% I happy liao.

 

[geographic]

If X 4 becomes the norm, the return will be less than 2%.

As this is a fund where invested fund return and capital sums are not guaranteed, the return of less than 2% is considered low.

 

[ekardo]

So where are the few who always mentioned "this is not for you" ?

Wondering if they are still MARI fan now.

 

[peppermint7]

Mari is a good place to park excess funds. I prefer it over GXS. Esp someone mention GXS even lock the funds when trying to transfer to ownself CPF or something.